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We are pleased to present 4140 Normal Avenue, a rare 12-unit bungalow-style investment opportunity showcasing classic 1920s Hollywood charm located between Virgil Ave and N Hoover St. The property sits on an expansive 15,501-square-foot lot and features eight spacious one-bedroom bungalow units along with a two-story structure containing four additional one-bedroom units. The gated entry and garden-style courtyard layout enhance tenant appeal and create a private, community-oriented living environment. The majority of the units have been extensively renovated with stainless steel appliances, kitchen cabinetry, lighting fixtures, designer tile finishes, restored origin...al hardwood flooring, in-unit washer/dryers, and ductless HVAC systems. With effective renovations and proven rents, the property provides strong existing cash flow at a 6.66% CAP rate and 9.69 GRM on current income with an additional 34% rental upside as units turn. Ownership has also completed recent cap ex upgrades to the systems and common areas, including garage foundation upgrades, sewer line replacement, and new gate motor. The property features six parking spaces, two in the front and four private garages at the rear, generating $650 per month in additional income with further upside as one space is vacant. There is also potential to convert the garages to ADU's (Buyer to verify). Additionally, there is RUBS in place to offset utility expenses. High Walk Score of 91, 4140 Normal Ave is a quarter mile from Los Angeles City College and minutes from the 101 Freeway. Virgil Village sits at the crossroads of East Hollywood, SilverLake, and Los Feliz. The neighborhood has experienced significant demographic growth and retail expansion, attracting young professionals and families drawn to notable destinations such as Courage Bagels, Melody, Sqirl, Jewel, Budonoki Izakaya, The Black Cat, and Virgil Cafe - contributing to strong tenant demand and sustained rental growth in the immediate area.

CRMLS, MLS#: 26107708
Listed By: Marcus & Millichap, Neema Ahadian

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Bedrooms

  • Total Bedrooms: 12

Bathrooms

  • Total bathrooms: 12

Cooling

  • None

Heating

  • None

Levels

  • Multi Split

Parking Features

  • None

Rooms

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Listed By:
Marcus & Millichap
Neema Ahadian

Data Source: CRMLS

MLS#: 26107708

Data Source Copyright: © 2026 CRMLS All rights reserved.

© 2026 Provided by CRMLS

This property was listed on 11/11/2026 and last updated as of 11/11/2026 7:33:54 PM. OSI IDX updated the data from CRMLS on 11/11/2026 at 2:55 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.